Fasset announced it is raising a $68M Series C round to scale its stablecoin applications. Participants include a number of investors led by SBI Group.
One of the core features that helps the company move stablecoin and fiat payments at scale for 3M+ wallets is the integration of AI workflows into its policy engine.
The neobank platform is now valued at a $1B valuation following a quick back-to-back funding rounds in summer 2026. Fasset’s Series B was only announced in May.
Neobank and USDT
Fasset has grown over the last few months.
Its annualized volume is $40B across its stablecoin and fiat solutions. It is also preparing the launch of Own Network, which allows users to trade a number of digital assets and commodities.
It is also part of the big stablecoin neobanking wave issuing daily spending cards and rewards.
The Fasset Card is authorized by the global Visa Network and currently exclusively accepts stablecoin deposits in USDT stablecoin.
Fasset partnered with Tether earlier this year to give users spending USDT cashback in Tether Gold.
Recently, Tether Gold was recognized as a spot commodity by UAE’s ADGM regulator.
